Tuesday, January 11, 2011
Massachusetts Foreclosure are not slowing down
There have been 3,543 foreclosures in Massachusetts in the last two months. The average monthly mortgage payment is $1,781.00. Worcester County had almost twice the amount of foreclosures than any other county, with Suffolk County second place. The median household income in Massachusetts is $59,981 before taxes, so there is no surprise that foreclosures have not fallen off pace. Homeowners have to examine there options before they are faced with a foreclosure.